Home US: Industrial Production rises by 5.4% in June vs. 4.3% expected
FXStreet News

US: Industrial Production rises by 5.4% in June vs. 4.3% expected

FX Street
Published date:
  • Industrial Production in US rose more than expected in June.
  • US Dollar Index stays deep in red near 96.80.

Industrial Production in the US increased by 5.4% in June following May’s expansion of 1.4%, the data published by the Federal Reserve showed on Wednesday. This reading came in better than the market expectation of 4.3%.

Further details of the report revealed that Manufacturing Output rose by 7.2% in June and Capacity Utilization improved to 68.6% from 65.1%.

Market reaction

The US Dollar Index, which tracks the USD’s performance against a basket of six major currencies, ignored these figures and was last seen losing 0.35% on the day t 95.84.

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2026